The $ETH vs $SOL fighting has been unproductive for the industry. Both tokens are down only (-30-50% over the past 3+yrs), massively underperforming $BTC (and $XRP & $BNB)
Fat protocol thesis is nonsense, but also a distraction from what investors care about.
Let's dig in 👇
Jeff Dorman
@jdorman81
02-27
5) Fat protocol thesis has done major damage to crypto. It’s nonsense, it causes every app to try to become an L1, it drives all VC dollars to L1s, & it makes dead L1s worth $1 bn+
A few L1s will win, but none will be worth more than the sum of the apps.
https://ar.ca/blog/revisiting-the-fat-protocol-thesis…
These are growth & value charts that ALL investors can easily understand. Any stock, bond or real estate investor who saw these DeFi biz's would invest in $HYPE $JUP & others. But they don't know about them b/c so much damn attention is on BTC, smart contract protocols & memes.
DeFi is not the only sector in crypto where there is unmistakable value. But it is the most obvious area, and the easiest to digest by normal investors.
If we want crypto to grow, stop explaining complex things to fast money traders, and start explaining value to the masses.
ETH
2.88%
SOL
1.43%
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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